Motorists fare better amid mixed Petrojam pricing regimen
/ Our Today
administrator
Jamaican industry and the motoring public should welcome a reduction in pump costs this week, despite a mixed pricing outlook released by State-owned refinery, Petrojam.
Petrojam, in its closely watched petroleum product price index, slashed 87-octane gasolene by J$2.06 to open at an introductory price of J$166.39 per litre, after applied taxes effective midnight, Thursday (January 4).
Coinciding with the maiden week of the new year, pump prices are trending lower after a fortnight of increases by the refinery—emphasising the lingering volatility of petroleum globally.
This week’s price cuts were most pronounced for kerosene oil and ultra-low sulphur diesel, which each fell J$4.50 and $4.37, while an 85-cent rise in baseline butane costs was conversely the most prominent.
It is expected that retailers will add their mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective January 4, 2024) | Price change (from last week) |
| Gasolene 87 | $165.39 | -$3.06 ($168.45) |
| Gasolene 90 | $171.49 | -$3.06 ($174.55) |
| Auto diesel | $167.93 | -$3.06 ($170.99) |
| Kerosene | $175.33 | -$4.50 ($179.83) |
| Propane | $73.23 | +$0.79 ($72.44) |
| Butane | $82.55 | +$0.85 ($81.70) |
| ULSD | $175.30 | -$4.37 ($179.67) |
| Asphalt | $124.64 | -$0.20 ($124.84) |
| HFO | $125.21 | -$2.84 ($128.05) |
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